COCHLEAR LIMITED (COH) Elliott Wave Technical Analysis | TradingLounge
Overview:
This Elliott Wave technical outlook for COCHLEAR LIMITED (ASX:COH) provides an updated analysis of the stock's structure on the Australian Stock Exchange. Our current wave count identifies the conclusion of a corrective ABC wave, signaling the potential start of a bullish impulse wave. This forecast outlines prospective price targets, expected market direction, and essential invalidation levels to sustain the bullish scenario in COH shares.
COCHLEAR LIMITED – COH | 1d Chart (Semilog Scale) Analysis
Function: Major Trend (Intermediate degree, Orange)
Mode: Motive
Structure: Impulse
Position: Wave 5)) - navy
Technical Insight:
The chart analysis indicates that Wave 4)) - navy has likely completed its corrective formation, marked A, B, and C) - orange. The breakout suggests the beginning of an upward trend forming Wave 5)) - navy. Based on this structure, Cochlear stock may revisit the previous peak at Wave 3)) - navy, targeting the $350.00 area.
Invalidation Point: 246.14
COCHLEAR LIMITED COH Elliott Wave Technical Analysis | TradingLounge (4-Hour Chart)
Chart Details:
Function: Major Trend (Intermediate degree, Orange)
Mode: Motive
Structure: Impulse
Position: Wave B - grey of (Wave 2) - orange
Technical Insight:
After the price found a base at 246.140, Wave 1) - orange shaped a Leading Diagonal. This configuration suggests that Wave 2) - orange could show a deep retracement. With Wave A of 2) completed, attention now turns to the development of Wave B and C - grey. A final decline is expected through Wave C - grey, setting the stage for a strong upside move in Wave 3) - orange.
Invalidation Point: 246.140
Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).
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Conclusion:
This Cochlear stock Elliott Wave analysis integrates short-term technical signals with larger market trends, offering guidance for ASX:COH traders and investors. Key validation and invalidation zones are emphasized to enhance the reliability of this wave-based market projection. Our goal is to deliver a clear, professional COH price outlook aligned with established Elliott Wave principles.